Kroenke's Denver-based sports company, Kroenke Sports Enterprises, also entered into "conditional arrangements" with ITV related to the sale of its 50 percent share in Arsenal Broadband Ltd., according to a release.

The two deals combined are worth more than $128 million, according to the release.

Kroenke Sports also owns part of the Colorado Avalanche pro hockey team, Denver Nuggets of pro basketball, the National Lacrosse League's Colorado Mammoth, Denver's Pepsi Center arena and the Colorado Rapids of Major League Soccer.

Earlier this year, Kroenke Sports and the Rapids formed a marketing and strategic alliance with the Arsenal club, fueling speculation that Kroenke would buy the club.